Magic I&E Profile
Key Indicators
- Authorised Capital ₹ 1.50 M
- Paid Up Capital ₹ 1.35 M
- Company Age 8 Year, 6 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 6.65 Cr
- Satisfied Charges ₹ 8.00 Cr
- Revenue Growth -94.78%
- Profit Growth -5.70%
- Ebitda 96.21%
- Net Worth -127.25%
- Total Assets -10.78%
About Magic I&E
Magic I&E Private Limited (MIPL) is a Private Limited Indian Non-Government Company incorporated in India on 13 July 2016 (Eight years and six months 23 days old ). Its registered office is in Mumbai, Maharashtra, India.
The Company is engaged in the Consumer Electronics & Durables Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 1.50 M and a paid-up capital of Rs 1.35 M.
The company currently has active open charges totaling ₹6.65 Cr. The company has closed loans amounting to ₹8.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
Vinod Rupani, Bipin Shivajirao, and Hemant Thawani serve as directors at the Company.
Company Details
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Location
Mumbai, Maharashtra, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media-
Corporate Identity Details
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CIN/LLPIN
U51596MH2016PTC283605
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Company No.
283605
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
13 Jul 2016
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Date of AGM
29 Sep 2023
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Date of Balance Sheet
31 Mar 2023
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Listing Status
Unlisted
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ROC Code
Roc Mumbai
Industry
Who are the key members and board of directors at Magic I&E?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Vinod Rupani
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Director | 13-Jul-2016 | Current |
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Bipin Shivajirao
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Director | 14-Jul-2017 | Current |
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Hemant Thawani
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Director | 14-Jul-2017 | Current |
Financial Performance of Magic I&E.
Magic I&E Private Limited, for the financial year ended 2022, experienced significant reduction in revenue, with a 94.78% decrease. The company also saw a slight decrease in profitability, with a 5.7% decrease in profit. The company's net worth observed a substantial decline by a decrease of 127.25%.
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What is the Ownership and Shareholding Structure of Magic I&E?
In 2021, Magic I&E had a public holding of 45.37%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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Magic I.T. Solution Private LimitedVinod Rupani is a mutual person
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Archivers Exim Private LimitedVinod Rupani is a mutual person
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Avas Tradelinks Private LimitedVinod Rupani is a mutual person
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Brictech Realty Llp
Bipin Shivajirao is a mutual person
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Lush Textiles Private Limited
Hemant Thawani is a mutual person
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Protocol One It Labs Private Limited
Hemant Thawani is a mutual person
Charges (Loans)
₹66.50 M
₹80.00 M
Charges Breakdown by Lending Institutions
- Others : 6.65 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 15 Sep 2021 | Others | ₹4.55 Cr | Open |
| 26 Mar 2021 | Others | ₹2.10 Cr | Open |
| 29 Aug 2017 | Punjab And Maharashtra Co-Operative Bank Limited | ₹8.00 Cr | Satisfied |
How Many Employees Work at Magic I&E?
Unlock and access historical data on people associated with Magic I&E, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Magic I&E, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Magic I&E's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
